 |
| Part of Jacobson Companies' portfolio |
 |
| Mark Witner |
LOS ANGELES, CA – HFF announced today that it has arranged a
$50 million financing for a 100-percent-occupied portfolio consisting of 10
properties with 86 buildings totaling 2.12 million square feet in central
Pennsylvania.
HFF worked on behalf of the borrower, Hager Pacific
Properties, to secure the 17-year, 4.15-percent, fixed-rate loan through a
correspondent life company. HFF is
servicing the loan.
The portfolio is 100 percent leased to Jacobson Companies, a
warehousing and distribution company.
The portfolio properties are in close proximity to major highways and
interstates allowing fast transportation to Baltimore, Philadelphia,
Washington, D.C., New York City and Boston.
The
HFF debt placement team representing the borrower was led by managing director Mark
Wintner from HFF’s Los Angeles office and managing director Ryan Ade
from HFF’s Philadelphia office.
Hager
Pacific Properties (HPP) is guided by a value-added investment philosophy
implemented through the acquisition of under-performing, aged or
environmentally impacted real estate.
Its investments become more valuable through repositioning, renovation
or reuse of the property.
The preferred buyer of challenging properties, HPP
self-funds its real estate deals without outside capital, creating an efficient
experience for brokers and sellers. HPP
owns and manages more than 100 properties throughout the United States,
including 2,300 apartment units and 12 million square feet of industrial and
commercial property. The portfolio is
valued in excess of $1 billion.
Learn more at www.hagerpacific.com.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
No comments:
Post a Comment